Clear Divergence formed, Strong Short Market Sentiment
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U.S. stock futures declined with equities in Asia amid a potential escalation of tensions between Washington and Beijing, and after signs China’s economy remains under pressure. Treasury yields extended last week’s retreat and the dollar fell. [Weak USD]
Oil in London extended its gains near $62 a barrel after OPEC and its allies agreed on production cuts and protesters forced the shutdown of Libya’s biggest crude field. [Oil price up]
This summed up market direction till the end of this quarter. Happy trading folks. Manage your risk wisely.
Bloomberg, 10 December 2018
bloomberg.com/news/articles/2018-12-09/asia-stocks-to-drop-on-china-data-trade-tension-markets-wrap?srnd=premium-asia
bloomberg.com/news/articles/2018-12-10/oil-extends-gain-on-opec-s-output-pact-and-libya-s-field-outage
Oil in London extended its gains near $62 a barrel after OPEC and its allies agreed on production cuts and protesters forced the shutdown of Libya’s biggest crude field. [Oil price up]
This summed up market direction till the end of this quarter. Happy trading folks. Manage your risk wisely.
Bloomberg, 10 December 2018
bloomberg.com/news/articles/2018-12-09/asia-stocks-to-drop-on-china-data-trade-tension-markets-wrap?srnd=premium-asia
bloomberg.com/news/articles/2018-12-10/oil-extends-gain-on-opec-s-output-pact-and-libya-s-field-outage
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